Cryptocurrency Markets: July 14 Spot ETP Flows: Daily Net Flows Flip Back to Net Sales of $240mn, Led by BlackRock Products, but WTD Flows Still Tracking Net Negative ~$202mn

Research evidence excerpt

Cryptocurrency Markets: July 14 Spot ETP Flows: Daily Net Flows Flip Back to Net Sales of $240mn, Led by BlackRock Products, but WTD Flows Still Tracking Net Negative ~$202mn

J P M O R G A N North America Equity Research

15 July 2026

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Cryptocurrency Markets

July 14 Spot ETP Flows: Daily Net Flows Flip Back to

Net Sales of $240mn, Led by BlackRock Products, but

WTD Flows Still Tracking Net Negative ~$202mn

We estimate U.S. spot Bitcoin ETP and U.S. spot ether ETP preliminary net sales Brokers, Asset Managers &

of $181mn and $58mn, respectively, on Tuesday, July 14, 2026. We estimate the Exchanges

U.S. spot Solana ETPs reported no net new flows yesterday. Kenneth B. Worthington, CFA AC

(1-212) 622-6613

U.S. Spot Bitcoin ETP Flows kenneth.b.worthington@jpmorgan.com

Madeline Daleiden

We estimate U.S. spot Bitcoin ETP preliminary net sales of $181mn on Tuesday, (1-212) 622-4911

July 14, 2026with a handful of vehicles contributing. BlackRock’s IBIT dominated madeline.daleiden@jpmchase.com

the group’s net sales with $139mn recorded yesterday. Fidelity’s FBTC gathered Michael Cho

$21mn. Other single-digit, inflowing vehicles include Morgan Stanley’s MSBT (1-212) 622-3619

and Grayscale’s mini BTC ($7mn), which each attracted $7mn yesterday, as well michael.cho@jpmchase.com

as Bitwise’s BITB and ARKInvest/21Shares’ ARKB which each gathered $4mn J.P. Morgan Securities LLC

yesterday. Altogether, the group’s total notional trading volumes totaled $2,304mn